anthony nicholas
denver, CO (USA)
Role(s):
Founder/Owner/Principal
paramount acquisitions llc
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Startup
Location:
denver
Industry:
Investing
Year Founded:
2004
Number Employees:
1-10 people
Description:
We acquire raw land in key commercial locations and bring entitlement, maps, utilities, grading, roads, planning, etc, and sell or joint venture with an end user that wants to go verticle and open for retail business. I have a security note built into operating agreement that says the company owes me $600k before any profits are to be disbursed to any members. Also, I own %24 percent ownership. Also, the 2 other members are responsible for all expenses. The property is 120 acres of Hwy frontage, with a direct exit and on ramp. It is engineered and zoned C2/C2H for a large truck stop, gas and convenience store, fast food, motel, RV park, retail. The engineering company, to date, is working on this project vigorously. I am looking to cash out of the project completely at a super reduced value, on my position only. Or borrow against my position for a short time period. This project has appraised at $7.5mm about 18months ago. It's projected value is to be $20+mm in the near future. I am in need of funds now to save OTHER deals I have in my portfolio from problems. Please let me know if you can help or may know of someone interested in buying my position on this type of project.